Weekly roundup: FSB chair calls for global approach to climate
The FSB’s Klaas Knot on global climate standards, Australia’s financial regulator conducts a climate risk survey and more from this week in green central banking.
No ECB support for EU efforts to reduce fossil fuel dependence
Despite inflationary pressures associated with European dependence on Russian fossil fuels, the ECB has offered no support for EU efforts to reduce imports and switch to more stable and secure renewable energy sources.
Ukraine: ECB to take “whatever action is needed”
As the economic effects of Russia’s invasion of Ukraine reverberate across Europe, the European Central Bank has said that it is ready to take “whatever action is needed” to ensure price and financial stability.
Nepal and other lower income countries expand climate risk regulation
The Nepal Rastra Bank has issued new climate risk requirements for banks and other financial institutions, the latest in a series of climate-related measures introduced by financial regulators in low and medium-income countries.
BoE to hold climate capital conference
The BoE has announced a conference on adjusting the international capital framework to take account of climate-related financial risks, calling for papers on using prudential capital tools to mitigate those risks.
Canadian regulator to act on climate risk buffers
Canada’s top financial regulator will act to ensure that banks and other financial institutions have sufficient capital to weather the effects of intensifying physical climate risk.
Weekly roundup: Hong Kong stress test and Malaysia climate requirements
A climate risk stress test of Hong Kong banks, new regulations for Malaysian banks, a review of research on monetary policy and climate risk and more from this week in green central banking.
2021: plenty of climate talks, but little practical progress
As the climate and ecological crises continue to accelerate, central banks have made slow progress in addressing their role as calls grow to stop the funding of the destruction of the natural world.
US regulator opens climate risk consultation
The Office of the Comptroller of the Currency is seeking feedback on TCFD-aligned draft principles to guide large US banks in identifying, managing and reporting on their climate-related financial risks. The guidelines will apply only to institutions with over $100bn …
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